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Technology Stocks : Plaintree (TSE:LAN,NASDAQ:LANPF)
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To: Zvi Yammer who wrote (1338)10/16/1998 7:56:00 AM
From: Martin Goldenberg  Read Replies (1) of 1606
 
Remember, Nortel purchased a 19% stake in Plaintree and is committed to making a success in the data networking arena. They even changed their name to Nortel Networks to underscore this commitment.

Nortel is also in the business of purchasing technology wherever they can....like Cisco....like other large companies...to keep their R&D costs low. Their prime business is also networking solutions, planning, and evolution for their customers.

So Plaintree switching / router technology is going to play a role however small relative to Nortel's business. No business wants to throw away $9M, however large they are.

Prior to now, I would have not touched Plaintree with a 10 foot pole. I now believe it has a good chance for survival. My target over the next several months would be in the $4.50 range. I know that this is a lot lower than many investors have paid for this stock. But let's take it one step at a time.

If I did have any inside dope, I surely would not be in a position to "spill my guts".

Martin
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